Accra Ghana 2nd April 2012.The Ghana Angel Investor Network (GAIN) held its first Business Pitch Session on 27th March, 2012 at the Movenpick Ambassador Hotel.
The Pitch Session was attended by Members of GAIN who are referred to as Business Angels. GAIN is a high-powered network of successful entrepreneurs and business executives who have made their mark in business and have the strong passion to grow new ventures. The entrepreneurs, who were nominated through a robust selection process by the GAIN Secretariat, pitched their business ideas to the Business Angles in a bid to source equity capital to start their business. The Business Angels made investment decisions on deals presented based on their individual assessment of the growth and scalability potential of the business. The Pitch Session is was no small battle, but entrepreneurs who are successful at closing an investment deal with Business Angels will also receive significant non-financial support including green channels, strategic networks, technical support, and nurturing from the Investors and the GAIN Secretariat.
"Access to capital for early-stage companies is one of the major challenges for startups and aspiring entrepreneurs in Ghana. However, through the efforts of GAIN, access to capital can be increased tremendously. We expect this to translate into the formation of more high-flying businesses, creation of jobs, and the expansion of economic activity for the Country. More importantly, GAIN brings renewed hope for Ghana's unemployed graduates, who have very limited opportunity to secure formal jobs due to the rather smaller size of the formal sector. Entrepreneurs who succeed at closing a deal with Investors can be assured of world-class mentoring and an armory of support from Investors, as well as GAIN Secretariat and its corporate partners, which include the Venture Capital Trust Fund. We want to make sure the possibility of success is increased exponentially for these startups,” say's Percival Ofori Ampomah – The Officer in charge of GAIN at the Venture Capital Trust Fund.
“The future of Ghana's jobs and economic prosperity will depend on the next generation of entrepreneurs, and we must do all that we can to ensure early stage entrepreneurs succeed in their endeavors. I believe initiatives such as Ghana Angel Investor Network and its efforts will change the landscape of Ghana's startup ecosystem by creating the environment for early-stage entrepreneurs to have access to capital, mentoring and networks,” says Daniel Duku the CEO of Venture Capital Trust Fund.
If you are ready to begin your entrepreneurial journey and you need capital to turn your idea into reality or expand your business, you can make a formal application to have a chance to pitch your business at GAIN's next Business Pitch Session at GAIN's official website: www.gain.com.gh or call 233-0302671459 for further information on how to apply.
About Ghana Angle Investor Network (GAIN)
The Ghana Angel Investor Network (GAIN) is a network of Angel investors with a passion for investing in early-stage businesses with significant growth prospects and the potential to generate superior returns. GAIN is a body corperate limited by guarantee and established under the laws of Ghana. As a Network, GAIN is not-intended for profit. However, members and beneficiaries seek to derive significant returns on investments. GAIN was founded by the Venture Capital Trust Fund and launched in September 2011 by the Minister for Trade and Industry, Madam Hannah Tetteh.